Binance Coin Forming a Head-And-Shoulders Pattern, Analyst Says a Close Above The Neckline Could Propel BNB To This Level

2023-12-13 20:30

Crypto trader Ali has identified a compelling technical pattern in Binance Coin (BNB) that could shape the future trajectory of the popular cryptocurrency.

BNB is potentially forming a head-and-shoulders pattern, a significant chart pattern indicating a potential trend reversal. According to Ali, a decisive close above the neckline at $261 might act as a trigger for a bullish breakout.

The head-and-shoulders pattern is considered a powerful indicator, often signaling a shift in market sentiment. For BNB, this pattern could be a harbinger of a substantial upward movement.

To validate this bullish scenario, the cryptocurrency needs to secure a sustained close above the critical level of $261. If successful, this breakout has the potential to propel Binance Coin toward the $310 mark.

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As traders and investors keep a close eye on the evolving patterns, the $261 level becomes a key focal point. The dynamics surrounding BNB in the coming days could offer valuable insights into broader market sentiment and the potential for a significant price surge. 

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The post Binance Coin Forming a Head-And-Shoulders Pattern, Analyst Says a Close Above The Neckline Could Propel BNB To This Level appeared first on CaptainAltcoin.

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Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
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pattern bnb binance could forming coin head-and-shoulders

Источник: captainaltcoin.com

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